Artisan Partners Asset Management Inc. Class A Common Stock (APAM)

FairStock Score: 85/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Artisan Partners manages money for pensions, endowments, foundations and funds. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $307.9 million and net income $80.8 million, with diluted EPS of $1.11. In fiscal year 2025, the year ended 2025-12-31, revenue was $1.2 billion, net income $290.3 million, and diluted EPS $4.05. That compares with fiscal year 2024, ended 2024-12-31, when revenue was $1.1 billion, net income $259.7 million, and EPS $3.66, and fiscal year 2023, ended 2023-12-31, when revenue was $975.1 million, net income $222.3 million, and EPS $3.19. The FairStock figures call it a SLOW GROWER because profit grew 6.4% a year and revenue 5.9% over five years. Quality is evident: FairStock calculations show ROE of 64.55%, ROCE of 17.74%, TTM free cash flow of $259.3 million, and a 12.5% FCF yield at the 2026-10-13 close. The stated dividend yield is 9.43%. But Graham would balk at the price: at the 2026-10-13 close of $31.25, P/B is 5.28 and the Graham Number is $23.57, leaving a negative 32.58% margin of safety. FairStock calculations show P/E of 7.49, PEG of 0.38, and EV/EBITDA of 4.06, which look cheap on earnings and cash flow. Debt/equity is 0.57, Piotroski is 6/9, and Altman Z-Score is 1.97. This is a cash-generative but slow-growing manager near its 52-week low of $30.86. The price seems to discount trouble, but asset protection is thin.

In plain English: Artisan Partners manages investments for pensions, endowments, foundations, and funds. The business looks strong: it earns good profits and produces plenty of cash, and it pays a very high dividend. At the 2026-10-13 close of $31.25, the shares look inexpensive next to earnings but expensive next to the company's accounting value and a conservative asset-based estimate, while long-term growth has been slow.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer